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That’s assuming gold keeps its value in that sort of event! Not that I think that’s unlikely, since we have a long history of lusting after gold and generally a
by cowthulhu 4y ago
That’s assuming gold keeps its value in that sort of event! Not that I think that’s unlikely, since we have a long history of lusting after gold and generally appreciating shiny things… but given the metal itself has relatively little utility, it’s like an other currency in that it ultimately relies on people perceiving it as valuable for it to actually be, well, valuable!
- coffeebeqn 4y agoI can’t really think of anything that would have a better chance in a WW3 scenario for example. Any currency could get devalued to heck due to war killing their economy, crypto needs a global trustworthy internet and a China/U.S. could launch a cyber attack on the local chain, etc. Maybe potato seedlings or canned meat will be more reliable
- cowthulhu 4y agoYeah definitely… outside of like, things that do stuff (seeds, medicine, etc.) gold probably has the best chance of still being worth something in almost any scenario! And it’s very dense value-wise and easy to store, which can’t be said for the others!
- Koshkin 4y ago> relatively little utility I wouldn’t call being used in virtually all microchips “little utility,” even relatively.
- cowthulhu 4y agoIt’s hard to imagine a situation where the currencies of the world devalue to zero, but the semiconductor fabs keep working.
- lucubratory 4y agoSure, but there are plenty of plausible futures where the currency of one country, even a major country like China or the USA, has their currency completely devalued, and semiconductor fabs keep working.
- cowthulhu 4y agoOooh yeah definitely, no argument from me there. I’m more stating that it doesn’t have much utility in a huge catastrophe where we can’t make microchips.